SEI Ultra Short Duration Bond A (SDIT)

By Administrator

Created 30/01/2011 - 06:26

The investment seeks higher current income than that typically offered by a money market fund while maintaining a high degree of liquidity and a correspondingly higher risk of principal volatility.
The fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade U.S. dollar-denominated debt instruments. It may enter into dollar roll transactions with selected banks and broker-dealers and invest in to-be-announced mortgage-backed securities, futures contracts and forward contracts. The fund will primarily use futures contracts for hedging purposes to manage the fund's exposure to interest rate risk.